“Homes also flew off the market at record pace as buyers put offers in the moment properties came up for sale….”
Down Payment Assistance Programs Can Help You Achieve Homeownership
Wednesday, March 2nd, 2022
Amy Houston
“For first-time home buyers, 29 percent said saving for a downpayment [sic] was the most difficult step in the process.”
As you set out on your homebuying journey, you likely have a plan in place, and you’re working on saving for your purchase. But do you know how much you actually need for your down payment?
If you think you have to put 20% down, you may have set your goal based on a common misconception. Freddie Mac says:
As a buyer in a sellers’ market, sometimes it can feel like you’re stuck between a rock and a hard place. When you’re ready to make an offer on a home, remember these five easy tips to help you rise above the competition.
If you’re thinking of buying a home, you’re probably wondering what you need to save for your down payment. Is it 20% of the purchase price, or could you put down less? While there are lower down payment programs available that allow qualified buyers to put down as little as 3.5%, it’s important to understand the many perks that come with a 20% down payment.
Black Friday and Cyber Monday are over, which means some shoppers have wrapped up their holiday buying. But there’s still a group of buyers that are very active this holiday season – homebuyers.
I absolutely love it when we can close exactly one month after going under contract... and with an over-asking price! With a crazy number of showings in just two days resulting in multiple offers, this is a sure sign that we are still in a "Seller's Market". If you were to ask me about selling right now, I would definitely say YES it is a good time. There are so many buyers desperately looking for a house and not enough supply to go around.
Since the pandemic began, Americans have reevaluated the meaning of the word home. That’s led some renters to realize the many benefits of homeownership, including the feelings of security and stability and the financial benefits that come with rising home equity. At the same time, many current homeowners have decided their house no longer meets their needs, so they moved into homes with more space inside and out, including a home office for remote work.
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